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Level 1
posted Feb 15, 2020 7:04:01 AM

I received a 1099 from Robinhood and Turbotax continuously asks me to review entries in 1099-B. Once I review, it asks me to review again.

How do I fix whatever problem it seems to detect? There does not seem to be any entries wrong.

2 8 9046
8 Replies
Expert Alumni
Feb 15, 2020 11:42:28 AM

To resolve the 1099-B unknown error issue, your options include:

  • Delete the Robinhood import and re-upload it.
  • Robinhood is known to invest in stocks, options, ETF's,  as well as for offering crypto trading. If any of your transactions include cryptocurrency, try entering any cryptocurrency separately. 
    • The IRS Form 8949 has separate reporting when investments have been sold and the transactions were not reported on Form 1099-B.
    • The transactions are reported on Form 8949 with Box C checked for Short-term and Box F checked for Long-Term Transactions.
      • from the Left Menu>Federal>Wages & Income>
      • Add more income>Scroll down to Investment Income>
      • Cryptocurrency click Start
  • Submitting the return as-is with the error if you do not see anything to correct

 

Level 1
Feb 17, 2020 4:34:24 AM

I have the same situation with the robinhood import. I did basically follow the steps mentioned above, but still I can't submit it (keep asking me to review). Could you get us more support for this matter? Thanks!

Level 1
Feb 18, 2020 4:38:30 AM

I am having the same issue. I deleted it and re-imported and happened again. Is this because I am not giving it enough time to fully import? 

New Member
Feb 27, 2020 6:08:27 PM

Same thing here. Basically, if you have a Box C transaction (short-term not reported), TurboTax will continuously ask you to review it whatever you do. So it looks like there is a bug in TurboTax where Robinhood import is not supported if there are any Box C transactions. The instructions provided above do not help.

Level 1
Mar 27, 2020 11:45:20 AM

Has anyone figured out a solution? I just ran into this today.

Expert Alumni
Mar 27, 2020 12:10:10 PM

You need to review your brokerage statement and confirm the basis and time periods. The program wants all answers to be in one of these categories.

  • short term covered
  • short term non-covered
  • long term covered
  • long term non-covered

New Member
Apr 20, 2020 12:18:43 PM

Same issue. No solution yet. Been over a month. I'm paying Turbotax $240 to file my taxes. When is this bug going to get fixed? I removed the import and tried again, removed entries, but same issue.

Level 15
Apr 20, 2020 12:35:04 PM

@aaltaay2 

 

IF you are paying $240, then you are using one of the paid versions.

And if using the ONLINE software...check the following

______________________________

IF, you are using one of the Online LIVE versions, then you can get detailed personal help thru an actual trained tax agent....and people using LIVE should do this..you are paying for personal help (and what we do here is mostly offline help that can't do everything):

 

Only if you are using an Online LIVE version, connect with a LIVE agent:

 

https://ttlc.intuit.com/community/expert-review/help/how-do-i-connect-with-a-tax-expert-in-turbotax-live/00/27282

_____________________________

IF it is one of the regular versions, you can call Customer Service a Rep to see what they can do at:

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632